Formulas Flashcards
BAC (Budget at Completion)
No formula, see approved budget
PV (Planned Value)
(% time completed) x (BAC)
EV (Earned Value)
(% work completed) x (BAC)
AC (Actual Cost)
No formula, $ amount spent
CV (Cost Variance)
CV = EV - AC
SV (Schedule Variance)
SV = EV-PV
CPI (Cost Performance Index)
CPI = EV/AC
CPIc (Cumulative Cost Performance Index)
CPIc = EVc/ACc
SPI (Schedule Performance Index)
SPI = EV/PV
EAC (Estimate At Completion)
EAC = BAC/CPIc
ETC (Estimate To Completion)
ETP = EAC-AC
VAC (Variance At Completion)
VAC = BAC-EAC
TCPIc (To Complete Performance Index)
TCPIc = (BAC-EV)/remaining funds
BCR (Benefit Cost Ratio)
BCR = expected value/expected cost
EVA (Economic Value Add)
EVA = after tax profits - (capital invested x cost of capital)
NPV (net present value)
NPV = present value - cost of the project
*note that present value is sometimes represented as PV (same as planned value).
ROI (Return on Investment)
ROI = (Benefit - Cost) / Cost
ROIC (Return on Investment Capital)
ROIC = Net income after tax / total capital invested
Beta Distribution
Beta Distribution = (pessimistic + 4(realistic) + Optimistic) / 6
Triangular Distribution
Triangular Distribution = (pess. + real + opt) / 3
EMV (Expected Monetary Value) / Decision Tree Analysis
EMV = probability x value
Could have multiple probabilities, which would result in multiplying all probabilities by the value.
